MERLIN GROUP Spolka Akcyjna (WAR:MRG) Sloan Ratio % : 0.00% (As of Sep. 2022)

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What is MERLIN GROUP Spolka Akcyjna Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

MERLIN GROUP Spolka Akcyjna's Sloan Ratio for the quarter that ended in Sep. 2022 was 0.00%.

As of Sep. 2022, MERLIN GROUP Spolka Akcyjna has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

MERLIN GROUP Spolka Akcyjna Sloan Ratio % Historical Data

The historical data trend for MERLIN GROUP Spolka Akcyjna's Sloan Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MERLIN GROUP Spolka Akcyjna Sloan Ratio % Chart

MERLIN GROUP Spolka Akcyjna Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Sloan Ratio %

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-24.77

6.97

4.22

-43.26

-6.55

MERLIN GROUP Spolka Akcyjna Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22
Sloan Ratio %	Get a 7-Day Free Trial															-10.44	-14.73	-	-	-

Competitive Comparison of MERLIN GROUP Spolka Akcyjna's Sloan Ratio %

For the Advertising Agencies subindustry, MERLIN GROUP Spolka Akcyjna's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MERLIN GROUP Spolka Akcyjna's Sloan Ratio % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MERLIN GROUP Spolka Akcyjna's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where MERLIN GROUP Spolka Akcyjna's Sloan Ratio % falls into.

MERLIN GROUP Spolka Akcyjna Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

MERLIN GROUP Spolka Akcyjna's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2020 )	-	Cash Flow from Operations (A: Dec. 2020 )
	-	Cash Flow from Investing (A: Dec. 2020 ))	/	Total Assets (A: Dec. 2020 )
	=	(-11.214	-	-8.711
	-	0.152)	/	40.563
	=	-6.55%

MERLIN GROUP Spolka Akcyjna's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2022 )
	=	(-4.84	-	0.37
	-	0.173)	/	4.876
	=	-110.40%

MERLIN GROUP Spolka Akcyjna's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was -1.496 (Sep. 2021 ) + -1.193 (Mar. 2022 ) + -1.31 (Jun. 2022 ) + -0.841 (Sep. 2022 ) = zł-4.84 Mil.
MERLIN GROUP Spolka Akcyjna's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was 1.012 (Sep. 2021 ) + -0.495 (Mar. 2022 ) + -0.147 (Jun. 2022 ) + 0 (Sep. 2022 ) = zł0.37 Mil.
MERLIN GROUP Spolka Akcyjna's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was 0.173 (Sep. 2021 ) + 0 (Mar. 2022 ) + 0 (Jun. 2022 ) + 0 (Sep. 2022 ) = zł0.17 Mil.

MERLIN GROUP Spolka Akcyjna (WAR:MRG) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Sep. 2022, MERLIN GROUP Spolka Akcyjna has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

MERLIN GROUP Spolka Akcyjna Sloan Ratio % Related Terms

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MERLIN GROUP Spolka Akcyjna (WAR:MRG) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MERLIN GROUP Spolka Akcyjna (WAR:MRG) » Definitions » Sloan Ratio %

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Address

Ulica Modlinska 310/312, Warsaw, POL, 03-152

Website

http://www.admassivegroupsa.pl

MERLIN GROUP Spolka Akcyjna is an advertising and marketing company. The company provides professional marketing activities through promotional activities on the internet.

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